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Fly News Breaks for July 12, 2019
T, SYNC
Jul 12, 2019 | 09:06 EDT
Craig-Hallum analyst George Sutton upgraded Synacor (SYNC) to Buy from Hold with a $2.00 price target after the company said it has started discussions to wind-down its portal services with AT&T (T). In a research note to investors, Sutton says views this move this as the removal of the largest headwind facing the stock and believes investors will be able to fully recognize the remaining value of the software and advertising segments, which are reflected in his updated FY20 estimate of $100M.
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